Welcome to our dedicated page for 3M news (Ticker: MMM), a resource for investors and traders seeking the latest updates and insights on 3M stock.
3M Company reports recurring developments across its science-based industrial, transportation and electronics, and consumer businesses. Company updates commonly cover quarterly results, guidance, margins, cash flow, portfolio reshaping, transformation costs, PFAS and litigation-related items, and capital-structure activity.
News also includes product and capacity updates tied to 3M technologies and brands, including 3M Expanded Beam Optical interconnect solutions for data centers and Scotch-Brite consumer cleaning products. Other recurring themes include investor events, board and leadership appointments, government affairs, and manufacturing investments linked to the company's global operations.
3M (NYSE: MMM) has announced two upcoming investor events in February 2022. The Citi 2022 Global Industrial Tech and Mobility Conference will take place on February 22, 2022, at 11:20 a.m. EST, featuring CEO Mike Roman and CFO Monish Patolawala. The Barclays Industrial Select Conference is scheduled for February 23, 2022, at 1:15 p.m. EST, with the same executives. Both events will be webcast live, and replays will be available on 3M's Investor Relations website.
On February 14, 2022, 3M announced its 2022 financial outlook, projecting total sales growth of 1% to 4%, including organic growth of 2% to 5%. The company expects earnings per share between $10.15 and $10.65, despite a predicted 2 percentage point decline in organic growth due to reduced demand for COVID-19-related respirators. 3M emphasized its commitment to innovation, sustainability, and a $1 billion investment over 20 years to achieve carbon neutrality. Notable investments include $165 million for water quality improvements at its Cottage Grove facility.
Star Mountain Capital, with ~$2.5 billion AUM, welcomes Dennis Duerst as Senior Advisor. Duerst, previously President of 3M Investment Management Corporation (AUM ~$25 billion), brings over 40 years of investment management experience. His expertise in portfolio allocation and risk management aims to enhance Star Mountain's capabilities in supporting private small and medium-sized businesses across North America. Duerst has a history of innovative asset allocation, focusing on absolute returns, enhancing Star Mountain's strategic investment approach.
3M (NYSE: MMM) announced the election of Suzan Kereere to its Board of Directors, effective February 10, 2022. This decision expanded the Board's size from 12 to 13 members. Kereere brings over 20 years of global business leadership experience, previously serving as Head of Global Business Solutions at Fiserv and holding roles at Visa and American Express. Her background includes significant achievements in driving growth and advocating for diversity and inclusion. 3M's chairman, Mike Roman, expressed confidence in Kereere's ability to offer valuable insights and leadership.
The 3M Board of Directors has declared a quarterly dividend of $1.49 per share for Q1 2022, payable on March 12, 2022, to shareholders of record on February 18, 2022. 3M has maintained uninterrupted dividend payments for over 100 years and has returned over $14 billion to shareholders in the past three years. This dividend declaration marks the 64th consecutive year of dividend increases, showcasing the company's commitment to returning value to its shareholders.
ST. PAUL, Minn., Feb. 8, 2022 /PRNewswire/ -- 3M™ M*Modal Fluency for Imaging has achieved the Best in KLAS 2022 title in the Speech Recognition Front-End, Imaging category. This AI-driven solution enhances clinical documentation and workflow for radiologists through advanced speech recognition and integrated productivity tools, ensuring accurate documentation. Garri Garrison, president of 3M Health Information Systems, emphasized the solution's ability to improve reporting speed and accuracy, affirming its competitive edge in healthcare.
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3M reported its fourth-quarter and full-year 2021 results, highlighting a 10% growth in overall sales for the year, amounting to $35.4 billion. In Q4, sales reached $8.6 billion, up 0.3% year-on-year, with notable increases in Consumer (4.1%) and Health Care (0.7%) segments. However, sales declined in Transportation and Electronics (1.5%) and Safety and Industrial (2.2%). The Q4 earnings per share were $2.31, a 4% decrease from the previous year. 3M returned $1.8 billion to shareholders in Q4, including $848 million in dividends.
3M (NYSE: MMM) has scheduled a Virtual Strategic Update and 2022 Outlook Meeting for February 14, 2022, from 8-11 a.m. CST. Investors can access the event via webcast or by calling (800) 762-2596 in the U.S. and +1 (212) 231-2916 internationally.
The meeting will feature presentations from key executives, including CEO Mike Roman, and will cover 3M's strategic priorities and financial outlook for 2022, concluding with a Q&A session.
On January 13, 2022, 3M announced its ongoing efforts to provide access to N95 respirators amid the surge of the Omicron variant. The company ensures that its NIOSH-approved N95 masks filter out at least 95% of airborne particles, helping to protect users against viruses. 3M is the largest N95 manufacturer in the U.S., with plants in South Dakota and Nebraska. The press release also highlights the importance of proper fit and offers resources to combat counterfeit products, having already seized over 55 million fraudulent respirators. N95s are available at major retailers and online.